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Thursday February 7, 2013 1:48 AM

NEW YORK (AP) — Stocks were flat on Wall Street as the latest round of
earnings reports failed to give investors an impetus to push the market’s recent rally forward.

The Dow Jones industrial average rose 7.22 points to 13,986.52 yesterday, after trading slightly
lower for most of the day. The Standard & Poor’s 500 rose 0.83 point to 1,512.12. The Nasdaq
composite ended 3.10 points lower at 3,168.48.

Stocks are consolidating their gains after surging since the start of the year. The Dow closed
above 14,000 for the first time since December 2007 on Friday and had its best January in almost
two decades.

The Dow is up 6.7 percent this year; the broaderS&P 500 is 6 percent higher.

“There’s no question that we need to take a pause and let reality catch up,” said Jim Russell,
an investment director at U.S. Bank.